PandaDoc, a digital document automation software company, has announced its acquisition of Denario, a renowned FinTech startup. The merger promises to transform the realm of integrated payment operations.
PandaDoc aims to elevate integrated payment operations through this acquisition, with aspirations to offer an extended feature set to its clientele, according to a report from Startbase. Although the exact value of the deal hasn’t been disclosed, its strategic intention is evident.
PandaDoc operates in the digital document automation space, streamlining document processes for businesses. Their services range from proposal creation to contract signing. Denario, on the other hand, is a FinTech startup that focuses on offering advanced payment solutions. Their technological prowess has gained traction in the financial technology sector, making them a fitting choice for integration with the PandaDoc platform.
One of the pivotal objectives behind this acquisition is to seamlessly integrate Denario’s technical strengths into the PandaDoc platform. This amalgamation is anticipated to let customers adeptly blend document and payment workflows, paving the way for efficient management, capture, and reporting on invoices and contracts from a singular point.
PandaDoc’s decision to onboard Denario stemmed from a comprehensive understanding of the requisites of startups and small businesses. The move not only champions smoother workflows from quoting stages to payment processes but also underscores the allure of software consolidation in the contemporary business world.
PandaDoc CEO Mikita Mikado said, “We warmly welcome the Denario team to the PandaDoc family. The company’s domain expertise, product vision and technology foundation are an ideal fit for our goals.”
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